Brightwood Capital Advisors raises $1.2bn

 The New York-headquartered firm held a first close for its latest debt fund.  

Brightwood Capital Advisors has raised $1.2 billion to date for its Brightwood Capital Fund IV.

New York State Common Retirement Fund is one of the investors of the fund.

The fund will use the capital to invest in mezzanine debt across a diverse number of sectors in North America.